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Editorial Results (free)

1. Exxon's 4Q and Annual Profit Plunge With Oil Prices -

DALLAS (AP) — The big plunge in crude prices is taking a toll on Big Oil.

Exxon Mobil Corp. said Tuesday that fourth-quarter profit fell 58 percent to $2.78 billion. It was the oil giant's smallest profit since the third quarter of 2002.

2. US Stocks Rebound a Day After Plunge, Led by Energy Sector -

The major U.S. stock indexes veered higher in afternoon trading, recovering from an early slide. Energy companies led the rally, climbing along with the price of crude oil. The gains came a day after the market had its worst drop since September. Exxon Mobil and Chevron each jumped about 5 percent, by far the largest gains in the Dow Jones industrial average.

3. As Oil Plunges, Energy Companies Cut Jobs, Postpone Projects -

LONDON (AP) — The world's biggest oil companies are slashing jobs and backing off major investments as the price of crude falls to new lows — and there may be more pain to come.

Companies like BP, which said Tuesday it is cutting 4,000 jobs, are slimming down to cope with the slump in oil, whose price has plummeted to its lowest level in 12 years and is not expected to recover significantly for months, possibly years. California-based Chevron said last fall that it would eliminate 7,000 jobs, while rival Shell announced 6,500 layoffs.

4. Tenn. AG Sues Chevron Over Petroleum Spill Cleanup Costs -

The Tennessee attorney general is accusing Chevron of a 30-year-long scheme to fraudulently siphon more than $18 million from a cleanup fund that people contribute to every time they fill up at the pump.

5. Extended Slump in Oil Taking Toll on Industry, Economy -

NEW YORK (AP) — As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth.

6. US Stocks Have Their Worst Week in Two Years -

NEW YORK (AP) — The U.S. stock market is closing out its worst week in two years.

Traders moved money into investments traditionally seen as having lower risk Friday, such as U.S. government bonds, gold and utility stocks.

7. Pets Get the Hollywood Treatment at Growing Chain -

Shawn McGhee grew up on a farm in Southern California with sheep and cattle and “a dozen dogs, a dozen cats, running loose.”

8. Companies Need to Think Like Venture Capitalists -

Last week we discussed the concept of the intrapreneur and our conviction that companies must add the pressures of failure and constrained resources to get ingenuity. Real entrepreneurs have vision, resilience and fortitude. Their natural drive, focus on survival and ability to pivot with the market is what generates market winners. It is the natural selection process at work. This is why VCs think the team is most critical, and companies looking to innovate should too.

9. Exxon: US Energy Revival has Staying Power -

NEW YORK (AP) – Exxon says the energy renaissance in the U.S. will continue and predicts that North America will become a net exporter of oil and natural gas by the middle of the next decade.

10. Labor Heads Say Obama Backs Them on 'Fiscal Cliff' -

WASHINGTON (AP) – Labor leaders said Tuesday that President Barack Obama remains committed to preserving tax cuts for middle class families and ensuring the wealthy pay more in taxes, outlining plans for a public campaign to pressure Republican lawmakers.

11. Obama Picks Fight on Taxes, Big or Just Symbolic -

WASHINGTON (AP) – President Barack Obama is renewing an old fight with the business community by insisting that $400 billion in tax increases be part of a deficit-reduction package. His proposals have languished on Capitol Hill, repeatedly blocked by Republicans, often with help from Democrats.

12. Exxon Facing Questions About Natural Gas Push -

DALLAS (AP) – Exxon Mobil Corp. rode higher oil prices to a $30 billion profit last year. But shareholders at its annual meeting Wednesday were more concerned about its big push into natural gas.

13. Wal-Mart Remains Atop Fortune 500 List -

NEW YORK (AP) – Wal-Mart Stores Inc. remains atop the Fortune 500 list even as it struggled to keep its U.S. customers coming in the door.

14. Environmentalists Sue ExxonMobil Over Air Laws -

HOUSTON (AP) – The largest U.S. oil refinery released 8 million pounds of illegal pollution in the last five years, violating federal air pollution laws thousands of times, according to a lawsuit filed Tuesday by environmental groups.

15. Family Atmosphere Lands Zebra Marketing Recognition -

When Sherry Downs went to work for Memphis-based promotional products company Zebra Marketing, she started out as an office manager.

16. Big Oil Strikes Back, Slams Obama's Drilling Ban -

LONDON (AP) — Oil executives sent a strong challenge to Barack Obama on Tuesday, warning at a major oil conference that the American president's ban on risky deepwater drilling would cripple world energy supplies.

17. Congress Grills Oil Execs on Prep for Major Spill -

WASHINGTON (AP) - Members of Congress chastised the largest oil companies Tuesday, accusing them of being no better prepared than BP to avert an environmental catastrophe.

With top oil company executives waiting to testify at a House hearing, Rep. Henry Waxman asserted that the companies' spill response plans amounted to "paper exercises" that mirrored BP's failed plan. Their strategies to plug a spill deep beneath the sea are the same failed strategies that have stymied BP, the California Democrat said.

18. First-Time Jobless Claims Drop Slightly Last Week -

WASHINGTON (AP) - The number of newly laid-off workers requesting unemployment benefits slipped last week, but remains above the level many economists say would signal new hiring.

The four-week average of claims, which smooths volatility, rose to its highest level since November, reflecting a large jump in claims last month.

19. Stocks Jump After G-20 Pledge to Aid Economies -

NEW YORK (AP) - Stocks jumped to new highs for the year Monday as the dollar extended its slide, boosting prices for commodities including gold and oil. Energy and materials stocks led the market higher.

20. Fred Smith Talks Green: Helps the environment and Fedex's bottom line -

Fred Smith is going green. In the case of the FedEx founder, however, it’s a different shade – something like military fatigue green.

21. Valero Energy CEO's Compensation Drops 50 Percent -

NEW YORK (AP) - The chairman, president and chief executive of Valero Energy Corp. received compensation valued at $6.6 million in 2008, a 50 percent decrease from the previous year, according to an Associated Press calculation of figures disclosed in a regulatory filing.

22. FedEx Continues Weathering Economic Storm -

It is arguably the most successful business story to emerge from Memphis, and it is a company whose performance is widely regarded as a ground-level indicator of the country’s economic health.

So it’s probably no surprise last week’s wild stock market swings did not spare

23. Archived Article: Back - back Government agencies, oil company to host spill drill on Mississippi Chevron, American Commercial Lines barge operators and nine government agencies and private companies will team in Memphis on May 20-24 to simulate the response to a major chem...

24. Archived Article: Env Focus - 04-16 Env focus Earth Day, National Wildlife Week Activities Set for Mississippi "Wading Into Wetlands" is the theme of the 1996 Wildlife Week, April 21-27, and the Mississippi Wildlife Federation, in conjunction with the National Wildlife...